Print ISSN: 2204-1990

Online ISSN: 1323-6903

Volume 24, Issue 1

Volume 24, Issue 1, Summer and Autumn 2018

External debt and economic growth nexus in a small island developing state: An Autoregressive Distributed Lag Model investigation

Sheereen Fauzel, Fariiha Jugreet

Journal of Contemporary Issues in Business and Government, 2018, Volume 24, Issue 1, Pages 3-22

This study investigates the nature of the relationship between external debt and growth in Mauritius and seeks to explore whether macroeconomic policies affect this nexus. The Autoregressive Distributed Lag Model bound testing approach is employed on the time series data for the period of 1980 to 2016. The findings showed a negative relationship between external debt and growth, confirming the presence of debt overhang. A crowding out effect was also found since debt servicing had a negative effect on growth. On the other hand, when an interactive term of debt and good policy is introduced, the negative effect of external debt on growth is lower, reducing the debt overhang problem and leading to a weak crowding out effect. However, the use of such economic policy has negative consequences on domestic investment and trade.

Transforming South African Public Sector Supply Chain Using Public-Private Partnership Business Acumen

Ken Mathu

Journal of Contemporary Issues in Business and Government, 2018, Volume 24, Issue 1, Pages 23-35

This study focused on the South African public sector supply chain (PSSC), and the role of public-private partnerships (PPP) projects in executing public service delivery. The poor public service delivery caused by perpetual protests and blockades of public facilities by angry communities prompted this research. The study looks at the possibility of applying PPPs business acumen, or commercial initiative to the PSSC to enhance public service delivery. The PSSC and some of the PPP projects established after the country’s democratic dispensation in 1994 were explored in pursuit of a solution to the service delivery dilemma. The theory of collaboration and integration formed the basis of the study. A qualitative research methodology was pursued, and senior manage rs from the South African Treasury and PPPs were interviewed. The study established that the business acumen or commercial initiative applied by PPP projects through supply chain collaboration and integration enhanced public sector delivery, and, thus, PPPs are a more suitable model than the prevailing PSSC processes

Impact of repos and reverse repos on interest rates: Evidence from Nepal

Hari Gopal Risal, Dipesh Karki

Journal of Contemporary Issues in Business and Government, 2018, Volume 24, Issue 1, Pages 36-49

Repos and reverse repos are popular money market management tools used by the Central Bank of Nepal especially to manage liquidity crunc hes and surpluses which may arise from time to time. However, the evidence of the actual impact of these tools in correcting the money market is somewhat contested. This paper investigates the impact of repos and reverse repos on interbank borrowing rates in the Nepalese market using a longitudinal data set from 2007 to 2016. The paper uses an iterative approach for identifying the best model to explain the phenomenon. The main finding of this research is that the money market maturity period of repos is more significant in reducing interest rates during a liquidity crunch rather than the volume of repos issued. Further, the research also finds that reverse repos are not significant enough to mop-up excess liquidity in the market. These findings can provide guidelines for monetary policy in Nepal, insofar as the issuance of repos and reverse repos is concerned

Signal irrelevance of corporate governance practices during Initial Public Offerings in India

Rekha Handa, Balwinder Singh, Sharad Sharma

Journal of Contemporary Issues in Business and Government, 2018, Volume 24, Issue 1, Pages 50-63

A sample of initial public offerings (IPOs) of firms listed on the Bombay Stock Exchange between April 2003 and March 2014 has been used to investigate the relevance of corporate governance in the post-IPO capital market performance. Signal theory has been used to understand the phenomenon of post-IPO capital market performance vis-à-vis signal cast by corporate governance attributes. The study finds investors’ indifference to governance mechanism put in place by IPO-firms in compliance with the listing requirements. The outcomes of the study provide essential feedback for IPO-firms and the Security Exchange Board of India, the Indian capital market regulator.

Generalized Trapezoidal Fuzzy Numbers: A New Approach to Ranking

Lakshmi, M. Suresh, .

Journal of Contemporary Issues in Business and Government, 2018, Volume 24, Issue 1, Pages 64-73
DOI: 10.47750/cibg.2019.24.01.005

Fuzzy numbers play an essential part in decision making, optimization, forecasting, and other areas of analysis. Prior to taking action, fuzzy numbers must be rated by an executive. The ranking approach presented by Chen and Chen (Expert Systems with Applications 36 (2009) 6833-6842) is shown to be wrong in this work using various counter instances. New methods for ranking generalised trapezoidal fuzzy numbers are the focus of this study. Because the suggested technique provides the right ordering of generalised and normal trapezoidal fuzzy numbers, it is a significant benefit. According to Wang and Kerre's (Fuzzy Sets and Systems 118 (2001) 375-385), the suggested ranking function meets all the acceptable features of fuzzy quantities.


M. Suresh, Lakshmi, .

Journal of Contemporary Issues in Business and Government, 2018, Volume 24, Issue 1, Pages 74-80
DOI: 10.47750/cibg.2018.24.01.006

Since the Indian subcontinent gained its independence from colonial rule, postcolonial theory has consistently ranked among the most popular academic topics of study in the world. It is the result of a post-colonial condition that has resulted in a massive amount of literature being written about "subaltern" people. The concept of "subaltern," as well as the features connected with the word, have changed significantly as a result of improvements in socioeconomic conditions. As a conscientious writer, Arundhati Roy has focussed her second novel, The Ministry of Utmost Happiness, on concealing modern socio-political issues that are significant to the study of "subalterns," notably in the South Asian setting, via the lens of fiction. Due to the book's dedication to "The Unconsoled," it is essentially about everyone and everything that is occurring in fast changing India, notably regarding displaced and disadvantaged people.

Reasons for Removal of the Moon

Sudeepthi Kanth, Ramulu, .

Journal of Contemporary Issues in Business and Government, 2018, Volume 24, Issue 1, Pages 81-86
DOI: 10.47750/cibg.2018.24.01.007

In this article, a novel notion for explaining the cause for the Moon's separation from the Earth is put out for consideration by the reader. Based on the theories of vortex gravitation, cosmology, and cosmogony, it is a cosmogony. The primary reason for this elimination is because gravity, the earth's field, and ether vortex do not contribute to the formation of our planet. The orbital plane of the Moon does not correspond with the plane of a gravitational whirlwind that is responsible for the formation of the Earth's magnetic field. On various points of the Moon's orbit, the forces of attraction between it and the Earth are lessened. removing a lunar orbit from consideration It has an effect as a result of it.

The Genetic Algorithm is used to extract the parameters of a solar cell from a current-voltage characteristic

Eshwaran, Ramulu .

Journal of Contemporary Issues in Business and Government, 2018, Volume 24, Issue 1, Pages 87-91
DOI: 10.47750/cibg.2018.24.01.008

In order to evaluate the performance of a solar cell and to extract the highest amount of output power
feasible from the cell, it is essential to determine the characteristics of the solar cell. A
computationally based binary-coded genetic algorithm (GA) is proposed in this study for extracting
the parameters (I0, Iph, and n) for a single diode solar cell from its current-voltage (I-V) characteristic
using the current-voltage characteristic. Utilizing LabVIEW as a programming tool, the technique was
developed and tested by applying it to an I-V curve created from the literature and using reported
data. It was shown to be effective. Using GA, we were able to acquire values for parameters that were
in excellent agreement with previously published values for silicon and plastic solar cells. modify as
follows: "After the program's validation, it was used to the extraction of parameters for an
experimental I-V characteristic of a 4 x 4 cm2 polycrystalline silicon solar cell measured at less than
900 W/m." The I-V characteristic derived using GA is very similar to the experimental one in all

Clinical Nursing Risk Assessment and Early Warning System based on Support Vector Machine

Journal of Contemporary Issues in Business and Government, 2018, Volume 24, Issue 1, Pages 92-99
DOI: 10.47750/cibg.2018.24.01.009

Clinical nursing entails several hazards. When the early warning system is really functioning, the threshold that the system sets for assessment is too imprecise, resulting in an excessively lengthy reaction time. Support vector machine-powered clinical nursing is aimed to address this problem. An early warning system and risk assessment. Combine the requirements of the early warning system, design the hardware connection circuit, use the C/S network architecture to obtain clinical care risk data, calculate the clinical care risk value, use support vector machines to set different levels of early warning thresholds, and finally design the risk evaluation signal formation hardware. The system's design has been completed. To conduct experiments, two risk assessment and early warning systems, as well as an experimental system, are employed. The planned early warning system has the fastest reaction time, according to the findings.

Alice Walkers “ The Color Purple “ – A paradigm of Quest for Self

Dr Somanchi Sai Kumar

Journal of Contemporary Issues in Business and Government, 2018, Volume 24, Issue 1, Pages 100-109
DOI: 10.47750/cibg.2018.24.01.010

Afro-american women are discriminated from their own community men and the White men and White women. These women have been considered to the least beings in the world. Even the basic rights are regretted for them. They have been marginalized in the society and are treated as slaves and low paid labourers. Black women have been undergoing class, race, social oppression and found voiceless against the odds of the society. This paper aims at bringing out the trials and troubles faced by women characters in the novel The Color Purple by Alice Walker. Women urge to own a self identity. This search for self is not an easy task especially when it comes to a Black Women. It axiomatically becomes a great matter of struggle. The character Celie is shown to be submissive and mild and had the fear of men. It is through education and economic independence that a woman is able to gather strength and courage and live independently in the society. The Color Purple has the theme of sexist oppression, patriarchal supremacy and oppression of Black women, class struggles and status of Afro-American women